00000nam##2200000za#4500 9.571555 CaOODSP 20211126112844 cr ||||||||||| 150406|2000||||xxc|||||o f|0| 0 eng|d 1701-9397 CaOODSP eng n-cn--- FB3-2/100-13E-PDF Bank of Canada. Fractional cointegration and the demand for M1 / [electronic resource] by Greg Tkacz. Ottawa - Ontario : Bank of Canada June 2000. 32p. graphs, references, tables Bank of Canada working paper 1701-9397 2000-13 "This paper extends the long-run analysis of money demand into the sphere of fractional cointegration. This extension is motivated by the fact that traditional methods of cointegration analysis yield relationships that are not as stationary as they are believed to be. Our results demonstrate that money gaps arising from simple money-demand systems are at best fractionally integrated, and at worst random walks."--Conclusion. The ISBN (0-662-29133-6) and ISSN (1192-5434) for the print edition have been incorrectly copied in this electronic publication. This paper extends the long-run analysis of money demand into the sphere of fractional cointegration. This extension is motivated by the fact that traditional methods of cointegration analysis yield relationships that are not as stationary as they are believed to be. Our results demonstrate that money gaps arising from simple money-demand systems are at best fractionally integrated, and at worst random walks.--Conclusion Résumé en français. 11-19-Supp 2011-09-23 Interest rates gcpds Demand gcpds Currency gcpds Tkacz, Greg Fractional cointegration and the demand for M1 / (CaOODSP)9.615243 Working paper (Bank of Canada) 1701-9397 2000-13 (CaOODSP)9.504604 http://publications.gc.ca PDF 1.46 MB https://publications.gc.ca/collections/Collection/FB3-2-100-13E.pdf 2000-13